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Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest daily. How much will the CD be worth in 10 years?
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Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest daily. How much will the CD be worth in 10 years?

User Phatduckk
by
4.0k points

1 Answer

3 votes

Answer:

you have to include how much the cd is worth first

Explanation:

you would do

cd price x 1.6 (to the power of 10)

User Enagra
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